BFC Capital successfully conducted its 264th Quality Circle Program on September 30, 2024, at Khun Khun Ji Girls College. The event featured an enlightening session by our AVP, Sagun Balram, and Wealth Manager, Sparsh Awasthi, who captivated the audience with their expertise on the art of investing. Their insightful presentation provided valuable financial knowledge and investment strategies to empower attendees. The session concluded with a special felicitation by the college principal, Mrs. Anshu Kedia, marking a memorable and impactful event.
Are mutual fund returns guaranteed?
No, the returns on mutual funds are market-linked, which means that they change according to the market conditions and depend entirely on how the market is performing at the moment. Mutual funds do not provide set or guaranteed returns, in contrast to fixed deposits.
Particularly, equity mutual funds might experience ups and downs due to maklret volaitility,Compared to pure equity funds, debt and hybrid funds could provide less volatility if stability is your goal.
Can I invest my scholarship money in mutual funds?
Yes, you can use your scholarship money to invest in mutual funds, but you should put your immediate financial needs first.
Liquid funds or ultra-short-term debt funds are excellent choices if you want instant access to your money for educational costs, since they provide stability and simple withdrawals.
Systematic Investment Plans (SIPs) in index funds, balanced funds, or equity funds are an option if you have extra scholarship money that you don’t need right away.
Make sure you have enough cash on hand to cover living expenses, books, and tuition before making any investments. You should only make long-term investments that you can afford.
Are there mutual funds specifically designed for women investors?
No, there aren’t any mutual funds created specifically with women in mind but that does not mean women should be kept from starting their investment journey at all . Nonetheless, depending on their financial objectives, women might profit from a variety of investing opportunities.
Is it possible to invest in mutual funds without a PAN card?
No, according to the guidelines issued by SEBI with it’s requirements, investment in mutual funds in India requires a PAN (Permanent Account Number) card. It is necessary for compliance with KYC (Know Your Customer), which is necessary before you can begin investing.
